Plaintiffs' Personal Injury Law Firm

Breach of Promissory Note

Napoli Bern Ripka LLP is currently seeking clients who have incurred losses as a result of breach of promissory note.  Our firm has been extremely successful in representing financial services firms whose financial advisors have defected without repaying promissory notes.  Financial services firms often pay newly hired advisors a certain amount of money in cash upfront, which the advisor must repay if he or she doesn't stay with the firm for a specified period of time.  A promissory note is a contract between the financial services firm and the advisor, and if the advisor leaves employment early, payment is due to the firm. 

Due to the large amount of promissory note cases that have recently been filed, FINRA has revamped its procedures in order to speed up the hearing of these cases.  Under FINRA Rule 13806, which came into effect in September 2009, these cases will be heard by a single arbitrator who will decide the cases on an expedited and simplified basis.  There are not many legitimate defenses available to a promissory note arbitration. 

If a financial advisor has left your firm without paying a promissory note, please do not hesitate to contact us to discuss your case.  Our firm will aggressivley pursue repayment of the principal amount owed to your firm, along with interest and any costs associated with your claim.  In additiona to breach of promissory note cases, the attorneys at Napoli Bern Ripka have experience litigating hundreds, if not thousands, of cases involving investment losses due to mismanagement or fraud by brokers and asset management firms.